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Welcome to the 17th edition of the Baker McKenzie International Arbitration Yearbook. We are pleased to bring you our analysis of notable developments in international arbitration over the past year from over 40 jurisdictions worldwide. As with the editions before it, the 2023-2024 Yearbook covers important legislative and case law updates from each jurisdiction. This includes: New arbitral rules from many institutions including the SCC (Stockholm), CAM (Milan), CIAM (Madrid), SCCA (Saudi Arabia), CIETAC (China),…

A. LEGISLATION AND RULES A.1 Legislation International arbitration in Colombia continues to be governed by Section Three of Law 1563 of 2012,[1] to which there have been no legislative amendments. Legislative attempts to modify Section Three of Law 1563 have been shelved, and there is no current bill being discussed to amend it. However, there are two bills currently under discussion in the Colombian Congress related to domestic arbitration: Bill No. 8 of 2023, which…

A. LEGISLATION AND RULES A.1 CAM-CCBC enacts new rules on corporate arbitrations CAM-CCBC, which is the largest Brazilian arbitral institution, issued on 26 April 2023, specific rules on “corporate arbitrations.”[1] The new CAM-CCBC rules were enacted in a context where arbitration is the preferredvenue for resolving corporate disputes in Brazil, but it is triggering several complex problems due to the need for uniform decisions for all stakeholders. Several issues haunt corporate arbitrations, such as (i)…

On 24 May 2023, the São Paulo State Court of Appeal set an arbitral award aside for considering that a co-arbitrator failed to vote in the decision of one of the claims and thereby violated the parties’ fundamental right to access to justice.[1] Factual Background Claimants and Respondents entered into three contracts for, among others, the purchase and sale of spaces for the broadcast of Claimants’ advertising media on Respondents’ radio and TV. The Claimants…